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Consolidation of
Secondary Insolvency Legislation - February 2006 Representatives
from Policy Unit of The Insolvency Service have met recently with
various stakeholder groups and have also invited other users of the
secondary insolvency legislation to provide comments on matters to be
addressed under the project. Further meetings have been arranged during
February 2006. The matters subject to discussion include, but are not
limited to, the following: ·
Ideas for simplification
of the structure and content of the Insolvency Rules, the Insolvent
Partnerships Order, the Administration of Insolvent Estates of Deceased
Persons Order, the Insolvent Companies (Disqualification of Unfit
Directors) Proceedings Rules and the 6 other statutory instruments
covered by the project. ·
Ideas for modernisation
and innovative change to the legislation, including providing for
electronic access to insolvency information held by insolvency
practitioners and for the facility to use electronic transmission of
documents in insolvency proceedings; ·
Identifying Rules that are
no longer relevant; ·
Removing duplication, for
example, deleting provisions in Part 7 of the Insolvency Rules 1986
where those provisions for Court procedure and Practice are addressed in
the Civil Procedure Rules; ·
How to remove unnecessary
burdens on office-holders with the aim of reducing costs in
administering insolvencies, to provide better returns for creditors. The Insolvency Service has been pleased to receive a
positive response from consultees on the project.
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